Corner Restaurant Building with
For Sale
$750,000
12167 Lee Hwy, Sperryville, VA 22740
Wheelchair-accessible commercial building with parking and outdoor activity space.
Property Size2,543 SF
Price / SF$294.93
Days on Market49
Property Features for 12167 Lee Hwy
General Information
Standard status
Active
Size
2,543 SF
Additional Details
Corner Location
Yes
Commercial Hood
Yes
Amenities
wheelchair accessible
Building Details
Year Built
1962
Listing Agency:
KW United
Listed By:
Sarah Foster Paul · License #0225238727
(571) 286-1041
Source:
Kableteam
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 7 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW United
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Investment Insights
Based on property information with market context.
This corner commercial property includes a 2,435-square-foot building originally planned for restaurant use, with two operational hoods already in place. The building is wheelchair accessible and is accompanied by outdoor storage buildings. Current operations include dog training, boarding, and grooming, providing an established functional layout for the existing use.
Located at 12167 Lee Hwy in Sperryville, the property sits along a major two-way roadway and includes ample parking. Space is also available for outdoor dining or other outdoor activities. The owner requires 60 days before settlement to vacate, and showings are available by appointment.
Located at 12167 Lee Hwy in Sperryville, the property sits along a major two-way roadway and includes ample parking. Space is also available for outdoor dining or other outdoor activities. The owner requires 60 days before settlement to vacate, and showings are available by appointment.
Key Highlights
- 2,435 sq ft building with two operational restaurant hoods
- Corner location along a major two‑way roadway
- Wheelchair‑accessible building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,888
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,760
$797.8K
Cap Rate 7%
$569,829
$569.8K
Cap Rate 9%
$443,200
$443.2K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$71.1K $27.96/SF
− Vacancy
−$4.6K −$1.82/SF
EGI
$66.5K $26.14/SF
− OpEx
−$26.6K −$10.46/SF
NOI
$39.9K $15.69/SF
Area
Rappahannock County, VA
Vacancy
6.50%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,760
Cap Rate 7%
$569,829
Cap Rate 9%
$443,200
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,872 @ 7.0% cap · market cap 13.18%
Second Best
Retail
$1.22M
$1.06M – $1.42M
NOI $85,068 @ 7.0% cap · market cap 11.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22740, VA
1,240
Population
583
Households
2.1
Avg Household Size
53
Median Age
38%
College-Educated
98%
High-School Grad
73.5 sq mi
ZIP Area
17
Density / Sq Mi
$96,220
Median Household Income
$49,569
Median Earnings
$1,354
Median Rent
$398,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Wheelchair-accessible commercial building with parking and outdoor activity space.
Where is this conventional restaurant located?
The property is located at 12167 Lee Hwy Sperryville, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,435 sq ft building with two operational restaurant hoods; Corner location along a major two‑way roadway; Wheelchair‑accessible building
